For the crypto investors, the month of May, though, could resonate with warm weather and scorching summers, but nonetheless, it would give them some respite unequivocally because overall, all the cryptos have been printing green candles this month. On that note, if you are planning to start the week on a positive note, here are a few top cryptos to pick for the next few days to capitalize on massive gains due to socio-economic and geopolitical factors favoring cryptocurrencies;
Top Cryptos To Pick For Massive Gains This Week
Bitcoin (BTC)
BTC has been the frontrunner whenever you are thinking about investing in crypto. Why? Because it is the gold standard of cryptocurrencies. This week as well, after President Trump and the Chinese Government have planned to bring a conclusive end to the tariff wars, BTC has suddenly spiked in anticipation of a breakout because the dollar is losing its charm. In this week itself, BTC has delivered a promising 10% return as shown in the chart below
If the United States were to press hard and reduce its dependence on further imports, it would certainly make digital gold more attractive to investors. However, if some misadventure occurs, we might see a reversal. But for the moment, we can expect an upward move ahead.
Ethereum (ETH)
Lately, Ethereum has been the worst-performing crypto from 2021 onwards, if you look at the market dominance. In 2021, it was hovering at around double digits or 20% and higher; however, lately it has witnessed a free fall to 9%, courtesy to the L2s — the liquidity sucking parasites of the EVM ecosystem. But due to the BTC rally and following the PECTRA upgrade, for the first time, Ethereum has recorded over 30% gains in a single week. On that note, it will be a good option to add Ethereum to your portfolio for some upside.
Cardano (ADA)
At the moment, Cardano has been planning to jointly work with Ripple and launch their RLUSD. With the Midnight Privacy Sidechain doing all the rounds and plans to introduce RLUSD soon, an upside of Cardano cannot be ruled out in any capacity. In the last few days, ADA has been showing strong momentum with the 7-Day return surpassing 25%. So, ADA could be a good pick for this week.
Ripple (XRP)
XRP has been doing very well in the last few months and the recent activity, where a whale has moved 370 million XRP valued at $782 M has brought the attention back to XRP this week. At the same time, Ripple’s CEO Brad Garlinghouse meeting President Donald Trump is also telling a story that there’s something major which might happen in the XRP realm. So far, XRP has delivered more than 17% in a single month and 380% in 1 year, which makes it the top crypto that you must include when the world is planning to think beyond SWIFT and XRP has ticked all the boxes.
Solana (SOL)
Solana is another key crypto to add to your portfolio because of the increasing meme activity on its platform. So far, more than 149 meme projects are launched on top of the Solana Blockchain, which is just behind Ethereum with 45% market share. On that note, Solana is ending up as a promising alternative because at the moment, Solana is already on the path to break the wedge pattern as evident from the chart below.
Ever since March 26, Solana has been moving on an upper trajectory moving key psychological barriers like $146 levels and $154 levels as its 50 Day EMA. It is expected that in the coming days, the breaking of the Wedge Pattern could further push Solana on top because it has already crossed the 50 day EMA by trading at around $174, signalling a significant upside potential in the near days ahead.
If you are looking for a major upside in the upcoming days, these cryptos should be on your radar because they have delivered unprecedented returns in the past few days. The momentum shall continue until and unless,there’s any black swan event nullifying all the future potentials.
Disclaimer: The contents in this piece is exclusively written based on research and understanding about the market. The author’s view is personal and shouldn’t be taken as investment advice under any capacity. It is advisable to do your own research before investing in crypto.
